Tianshi Today

Sino-Singapore Enterprise Summit Dialogue, jointly organized by International Enterprise Development Bureau of Singapore and Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China, was held at the Grand Hyatt Beijing in the afternoon of October 26. Present at this conference were Singaporean commercial delegation consisting of dozens of enterprise presidents and 30-odd China top entrepreneurs. Mr. Li Jinyuan, President of the Group was also invited to this conference and received by Lee Hsien Loong, the Prime Minister of Singapore, with whom he had dinner in the evening.

With the theme of Sino-Singaporean cooperation to create win-win situations, this summit dialogue was an important event for the Singaporean commercial delegation during its visit to China. The heads of Sino-Singaporean business arena availed themselves of this opportunity and made full use of the communication between each other. Many Singaporean entrepreneurs were hoping to acquire the first-hand information about hot-spot cities for investment in China, and Mr. Li exchanged the successful experience and discussed cooperation with the presidents of Singaporean enterprises. Thus, many Singaporean entrepreneurs got to know the history of TIENS Group. They appreciated what TIENS, a Chinese private enterprise, had achieved in size and social status today, and they respectively expressed their hope to cooperate with TIENS if possible and to realize a win-win achievement.

After the event, President Li Jinyuan and other entrepreneurs were met with Lee Hsien Loong, Prime Minister of Singapore, with whom they were invited to dine (picture below).

Singapore is an important trade partner of China. Bilateral trade between China and Singapore is 53.3 billion Singaporean dollars, up 44.5% in 2004. And China is the fourth biggest trade partner of Singapore. Up to June 2005, Singapore is the seventh biggest investment country of China, with accumulative contracted investment amounted to 50 billion US dollars and accumulative realized investment for 26.4 billion US dollars. Since China and Singapore are economically complementary to each other, the combination of strength from both sides will surely bring about mutual benefits and win-win achievement.

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